How to Make Forex Strategies By Yourself

The Only purpose from this article to help you learning how to make your own strategy and developing your trading system , although that making strategies don't take a lot of time but it take a long time to test them , so try to be patient because on the long term that will help you to earn many pips and therefore earning more money

Step One

  Determining The Time frame

First of all you need to determine the time frame when you start making your strategy system , you must know what is the kind of your trade .. are you a daily trader or weekly trader

All of this will help you to determine the suitable time frame for you , even if you used many time frames don't forget the principle is using main time frame at your trading that will help you at determining the main trend , and using time frame smaller than the main time frame will help you to determine the entry points and exit points

Step Two

Choosing The Technical Indicators Which Help You at Expecting The Trend

Determining the trend early one of important successful strategies goals , so you must use the indicators that help us on this , in example the moving one of the most common indicators that help traders to highlight on the new trends , they use two kinds of moving lines one of them is rapid line and the other is slow line and they wait when the rapid line crosses the slow line

Simply the crossing of moving lines is the fastest way to Discrimination the trends , as well it's the best way to determine the new trend ,and of course there are many other ways to determine the trend but the moving way is the easiest and most used

Step Three

Determining The Degree of Danger

When you make on developing your strategy system you have to determine the percent of danger that maybe exposed for your deal , most of us don't like taking about the loss but the successful trader who thinks in his loss limits before his profits

Step Four

 Determining The Entry Points and Exit Points

After the determining loss limit and the amount that you can risk ,you must determine the entry point and exit point as a trade orders , some traders prefer the entry as long as their indicators give them good signals

But we see the best for you to wait until the candle close and new trade starts with new candle , because you maybe to enter at the middle of candle and all your indicators give you good signal and suddenly the market tends unlike your trade , all of that depend on your trade style and commercial character

Step Five

Write Your Strategy System

This step is the most important ,after you determine you strategy write your rules and follow it always